Brightpool Finance is a DeFi platform that aims to make the decentralized finance space more accessible and stable. It utilizes artificial intelligence (AI) to calculate trading rewards and offers features like price freezing to reduce entry barriers and enhance price stability.
Despite Bitcoin’s recent decrease in volatility, many investors still desire more stability in order to avoid unpredictable price fluctuations. Additionally, the low liquidity in the DeFi sector, which has a market capitalization of under $100 billion compared to Bitcoin’s $1.2 trillion, contributes to increased price volatility.
One of the main obstacles to widespread crypto adoption is accessibility, particularly in mining. Mining requires technical knowledge and access to significant computational resources. Therefore, the crypto industry needs to innovate and develop more accessible and stable alternatives to facilitate easier adoption.
Brightpool Finance addresses these issues by operating as a decentralized exchange (DEX) powered by AI. Unlike traditional exchanges that charge fees for transactions, Brightpool rewards users for every trading order. The platform integrates the AI-enhanced Black-Scholes-Merton model, BS.AI, which seeks opportunities in crypto volatility, streamlines reward and token generation, and adapts to market shifts for accurate limit order execution.
To ensure price stability, Brightpool launched its native token, BRIX, which functions similarly to the VIX in stock markets. BRIX benefits from increased market volatility, transforming it from a mere indicator into a valuable asset. As volatility increases, the value of BRIX also rises, protecting token holders against market uncertainties.
BRIX offers mining opportunities with its zero initial supply and unique proof-of-bid mechanics. Miners can only mint BRIX by placing bids on the platform. The platform also employs a halving mechanism that gradually reduces mining rewards as more tokens are minted.
Similar to Bitcoin’s halving event, BRIX incorporates a halving mechanism that provides higher starting rewards for early participants, which decrease over 45 stages. Users can join the early mining process by placing a buy or sell order on the Brightpool platform. The platform invites select groups to join early, with rewards decreasing with each halving phase.
During the beta phase, Brightpool Finance’s mining mechanism is accessible to a limited number of users. The platform conducted a two-month testnet phase on Arbitrum Sepolia, a safe space for developers to test decentralized applications (DApps), before the full launch.
Brightpool envisions a future where innovation and practicality meet, making interaction with digital assets easier. By inviting external projects to pool with the BS.AI model and utilize traded pairs, Brightpool aims to increase liquidity and create a vibrant ecosystem.
As the crypto world continues to introduce new approaches to stability and accessibility, it will reshape the paradigms of crypto trading and liquidity management in the DeFi space, reducing the bias of traditional investors.
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